Great New Listing with RV Parking, Pool, on 1/4 Acre Lot in a Great Court!!-278 Jami Ct, Livermore, CA $875,000

Great New Listing with RV Parking, Pool, on 1/4 Acre Lot in a Great Court!!-278 Jami Ct, Livermore, CA $875,000

Open Saturday & Sunday 2/25/17  & 2/26/17 1-4PM. Offers Due Tuesday 2-28-17 by Noon.

Visit my web page dedicated to 278 Jami Ct, Livermore, CA showcasing the listing, including a virtual tour and detailed information about the property – http://278jamict.utour.me/IMG_0122


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1549 Hollyhock, Livermore–Nice 3 bedroom, 2 bath house- Ready for New Owner

1549 Hollyhock St, Livermore, CA 94551

Nice bright West Facing single story 3 bed/2 bath remodeled & expanded open floorplan house wth laminate floors in common areas, tile floors in baths, carpet in bedrooms, on spacious lot. Open large granite kitchen with white bead board quiet close cabinets w/bonus office and strage space as well as interior access to garage.Extra nook outside 3rd bedroom great for reading, crafting, toy area or whatever your imagination desires. Tons of shelving and cabinets in spacious open concept livingroom; they can stay or easily be removed by new owner.

GREAT square footage for the money!

Contact Robin Watson-Bird for a private tour!

925-577-8692

 

 

1549 Hollyhock St, Livermore, CA 94551

  • $575,000
  • 3 Beds
  • 2 Full Baths
  • 1,536 sq ft house
  • 6,000 sq ft lot
  • Year Built: 1963

 

 

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1549 Hollyhock, Livermore–Nice 3 bedroom, 2 bath house- Ready for New Owner

Check Out the Drone Video Tour for 22 Sea Crest Terrace in Fremont

Check Out the Drone Video Tour for 22 Sea Crest Terrace in Fremont. Open house this Saturday and Sunday 1-4. Offers due Monday @ 10AM.
Beautifully Remodeled and Updated Northwest facing 2 bedroom, 2 ½ bath with 2 master suites townhouse with attached 2 car garage, interior upstairs laundry, back patio with deck and fence with gate opening to nice interior green belt which leads to fenced pool area. Protected interior grass area is great for children, pets and pedestrian. Built in 1988. Conveniently located off Mission Blvd in the Pacific Park Community.

Open Saturday and Sunday April 9-10, 1-4. First look at offers will be Monday, April 11. Strong preemptive offers may be considered.

 

For a Video Drone Tour click below:

For more information about this great property or to schedule a private tour, call/text the listing agent, Robin Watson-Bird, directly at 925-577-8692.

Great Information About VA Loans—Postive Things About VA Everyone Should Know; Misconceptions Dispelled

Many agent and home sellers are opposed to or at least hesitant to accept offers from buyers using VA Loans because they have misconceptions about what VA loans require the sellers to do and they think the buyer cannot really afford to buy the house because they have chosen $0 down or very little down, when, in fact, VA Buyers can often be the strongest offer on the table! In the past, VA loans required sellers to pay for repairs and other “non-allowables.” Now, a VA Borrower can pay for all repairs, closing costs and more in some situations. The only thing a VA buyer cannot pay for is a pest report. A seller, agent or other party would need to pay for that.
There are many benefits to the Buyer using a VA loan. For example, they can put $0 down up to the VA loan limit, and only have to come up with 25% of the difference between their offer price ans the loan limit if they want to buy a home that costs more than the zero down VA loan limit. VA loan rates are also lower, the lender can credit the borrower to help pay for closing costs if needed (interest rate will go up a little to cover the cost), there is no mortgage insurance required for VA financing, and future buyers of that home can assume the loan at today’s low interest rate…Dean Simpson with iServe Mortgage discusses the these and more in his short video. Agents, home sellers and potential VA borrowers should listen to what he has to say.

#DeanSimpson

FHA Flipping Rule & VA Loan Amount Updates

Just received this great loan update from Peggy Valley of Summit Funding:

 

FHA

Here is some additional information on the new FHA rule out this week. If there are more changes, I will be letting you know.

 

1)      FLIPPED property owned less than 90 days – no FHA loan availability

2)      Flipped property owned 91-180 days – 2 appraisals required

a)      If the property value is more than 5% above the acquisition price the seller will need to justify the increase. This can include receipts, list of improvements, etc.

b)      The underwriter will have discretion as to how they look at the improvements and may ask for more detail.

c)       Also, they added another caveat – a flipped within a year of acquisition will be under extra scrutiny per FHA guidelines. If the property has been sold more than once they will  look at the history and the lowest price for the property.

So bottomline, FHA must have been having some issues with flipped properties over the past few years to make the above changes. Extra work will be required.

 

VA

VA loan limits:

1)      The VA loan limit for Alameda and Contra Costa County has been reduced from $1,050,000 to $625,500 effective midnight December 31, 2014.

2)      In order to meet and use the current guidelines the borrower MUST a) be in a ratified contract, b) have a loan application issued, and c) a VA case number pulled.

3)      So what makes for an application in today’s day and age you might ask? Ratified contract, fees from the title company, and the application electronically signed or manually signed, case number is a number being pulling by the bank so that means during regular business hours, no midnight work.

4)      The impact is that the borrower will have to come in with more funds. For example, currently if the borrower is purchasing $1,050,000 there would be zero down. With the new guidelines, same  sales price, the borrower would have to come in with $106,125 or 10.12% for downpayment.

5)      You may ask, then why use VA loans. Great question and here are the awesome answers:

a)      On a recently priced loan the borrower got a rate of 3.875% for 30 yrs AND $3300 in credits. Can’t get that anywhere else on a loan over $1M

b)      There is no mortgage insurance

c)       There is no second with an index that moves.

d)      Higher ratios are allowed

e)      AND a veteran can pay  up to 1% of the loan amount toward termite/non-allowables, etc. as long as they didn’t pay an origination fee.  None of my clients do.

f)       So the loan is a win-win for all parties

 

Peggy is a very experienced and dedicated loan agent with awesome follow-up and competitive loan products. You can reach her at peggy.valley@summitfunding.net or by calling 925-890-5255. She is very approachable,  but I would be happy to make the introduction for you if you want, just let me know.